ARC Trust Sells Multifamily Property At 11 Rutland Rd Brooklyn For $1.9M
SOLD
New York
See Similar DealsMultiFamily11,808 SF
Sold
SOLD
ARC Trust Sells Multifamily Property At 11 Rutland Rd Brooklyn For $1.9M
11 Rutland Rd
See Similar DealsMultiFamily11,808 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:11808 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily unit located at 11 Rutland Rd in Brooklyn. The sale was finalized for a total price of $1,900,000.00, encompassing a total square footage of 11,808.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,900,000.00
- Address: 11 Rutland Rd
- Market: Brooklyn
- Square Footage: 11,808.0
- Seller: ARC Trust
Key individuals involved in the transaction include brokers Moshe Goldberger and Josh Orlander, both representing GFI Realty Services. Their involvement facilitated the successful sale of the property on December 18, 2019.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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